{"id":600817,"date":"2019-02-11T04:46:23","date_gmt":"2019-02-11T04:46:23","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/11\/egypt-to-build-hydrogen-cracker-petroleum-complex-worth-usd-2-3-bn\/"},"modified":"2019-02-11T04:46:23","modified_gmt":"2019-02-11T04:46:23","slug":"egypt-to-build-hydrogen-cracker-petroleum-complex-worth-usd-2-3-bn","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/11\/egypt-to-build-hydrogen-cracker-petroleum-complex-worth-usd-2-3-bn\/","title":{"rendered":"Egypt to build hydrogen cracker, petroleum complex worth USD 2.3 bn"},"content":{"rendered":"

The Oil Ministry aims to build a USD 2.3 bn hydrogen cracking and gasoline producing complex in Suez, Minister Tarek El Molla told the domestic press<\/a>. Four projects have already been implemented with USD 309 mn in investments, El Molla said, adding that the ministry is also looking to develop six refineries with USD 9 bn in investments over the coming four years. The ministry has also begun preparing a plan to increase foreign investment in oil and gas exploration,El Molla said<\/a>, without providing details on the strategy. The ministry had announced previously<\/a> it is targeting USD 10 bn in fresh investments in the oil and gas sector during the current fiscal year. El Molla noted that global investment in the sector has seen a decline in response to fluctuating brent crude prices.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Oil Ministry aims to build a USD 2.3 bn hydrogen cracking and gasoline producing complex in Suez, Minister Tarek El Molla told the domestic press. Four projects have already been implemented with USD 309 mn in investments, El Molla said, adding that the ministry is also looking to develop six refineries with USD 9 […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7207],"tags":[93,72],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-600817","post","type-post","status-publish","format-standard","hentry","category-energy","tag-energy","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"3b0b03d4-ef82-497c-89d9-188373451b24","is_powered_by":true,"section_story_id":"4e5fe3b1-e7ae-4815-9366-093509860780","story_type":"1","photo_url":"","photo_position":"above","related_issue":[600788],"teaser":"","voice_url":""},"yoast_head":"\nEgypt to build hydrogen cracker, petroleum complex worth USD 2.3 bn - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/11\/egypt-to-build-hydrogen-cracker-petroleum-complex-worth-usd-2-3-bn\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egypt to build hydrogen cracker, petroleum complex worth USD 2.3 bn\" \/>\n<meta property=\"og:description\" content=\"The Oil Ministry aims to build a USD 2.3 bn hydrogen cracking and gasoline producing complex in Suez, Minister Tarek El Molla told the domestic press. Four projects have already been implemented with USD 309 mn in investments, El Molla said, adding that the ministry is also looking to develop six refineries with USD 9 […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/11\/egypt-to-build-hydrogen-cracker-petroleum-complex-worth-usd-2-3-bn\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-02-11T04:46:23+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/11\/egypt-to-build-hydrogen-cracker-petroleum-complex-worth-usd-2-3-bn\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/11\/egypt-to-build-hydrogen-cracker-petroleum-complex-worth-usd-2-3-bn\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Egypt to build hydrogen cracker, petroleum complex worth USD 2.3 bn\",\"datePublished\":\"2019-02-11T04:46:23+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/11\/egypt-to-build-hydrogen-cracker-petroleum-complex-worth-usd-2-3-bn\/\"},\"wordCount\":140,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"energy\",\"EnterpriseAM\"],\"articleSection\":[\"Energy\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/11\/egypt-to-build-hydrogen-cracker-petroleum-complex-worth-usd-2-3-bn\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/11\/egypt-to-build-hydrogen-cracker-petroleum-complex-worth-usd-2-3-bn\/\",\"name\":\"Egypt to build hydrogen cracker, petroleum complex worth USD 2.3 bn - 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The government bought USD 5.4 bn worth of crude and natural gas from IOCs last year and paid USD\u2026","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":642318,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/10\/investment-by-iocs-up-to-usd-8-1-bn-el-molla\/","url_meta":{"origin":600817,"position":2},"title":"Investment by IOCs up to USD 8.1 bn -El Molla","author":"enterpriseam admin","date":"10 August 2017","format":false,"excerpt":"International oil companies\u2019 investments in Egypt increased to USD 8.1 bn in FY 2016-17 from USD 6.6 bn a year earlier, Oil Minister Tarek El Molla told Reuters. El Molla had said in June that arrears to IOCs were reduced to USD 2.3 bn, a sign of confidence for investors.\u2026","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":632578,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/02\/14\/fdi-in-oil-and-gas-sector-has-hit-usd-10-bn-so-far-this-fiscal-year-el-molla-sounding-the-right-note-on-payments-to-iocs-but-what-about-mid-sized-players\/","url_meta":{"origin":600817,"position":3},"title":"FDI in oil and gas sector has hit USD 10 bn so far this fiscal year; El Molla sounding the right note on payments to IOCs, but what about mid-sized players?","author":"enterpriseam admin","date":"14 February 2018","format":false,"excerpt":"FDI in oil and gas sector up to USD 10 bn this year: Investment by international oil companies reached USD 10 bn so far in FY2017-18, Oil Minister Tarek El Molla said in an interview with Al Borsa. 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